What is Sulphur Recovery Technology Market Scope?
Sulphur is an extremely useful element. Its greatest application is in the manufacture of fertilizers with other major users including the rubber industry, cosmetics, and pharmaceuticals. Sulphur is contained in many industrial raw gases and in natural gas in the form of hydrogen sulfide. Sulphur recovery is a process of utilizing sulphur from hydrogen sulfide. It is the most abundant element in the world due to its large volume and easy availability. Its end-use is sought in the fertilizer, rubber, cosmetic and pharmaceutical industries. It must be disposed of during the coal gasification and extraction process to avoid catalyst poisoning and pollution. It is estimated that the world population will double over the next decade, which will ultimately lead to an increase in food demand. Therefore, the soil must be rich in nutrients in order to meet food needs in the near future. Sulphur is one of the most important nutrients for plants, which means that a lack of sulphur in plants directly affects crop yield. Hence, sulphur removal technologies must be carried out with serious concern to ensure sustainability.
The Sulphur Recovery Technology market study is being classified by Type (Straight-Through Claus, Split-Flow Claus, Direct Oxidation, Acid Gas Enrichment, Oxygen Enrichment, Cold Bed Adsorption and Shell Claus off-gas Treating (SCOT)) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from European will contribute to the maximum growth of Global Sulphur Recovery Technology market throughout the predicted period.
Chiyoda Corporation (Japan), Jacobs Engineering Group (United States), Amec Foster Wheeler (United Kingdom), TechnipFMC plc (United Kingdom), Linde (United Kingdom), Worley (Australia), Fluor Corporation (United States), KT-Kinetics Technology SpA (Italy), Sulzer GTC Technology (United States) and Axens Group (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Black & Veatch Holding Company (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Sulphur Recovery Technology market by Type, Application and Region.
On the basis of geography, the market of Sulphur Recovery Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The U.S. Environmental Protection Agency (EPA) had thereby issued various standards for acceptable emissions from new as well as the modified SRUs in natural gas production. Under these standards, the volume of the H 2 S concentration of the sour gas stream determines the minimum level of sulfur recovery required. Small natural gas SRUs with low H2 S concentrations are allowed to have lower recovery rates than larger plants with higher concentrations.
Influencing Market Trend
- The Growing Awareness to Reduce Greenhouse Gas Emissions
- The Increasing Number of Refinery Projects
Market Drivers
- The Growing Demand For Sulfur across Various Industry Verticals
- Increasing Rate of Urbanization
- A Rise in Environmental Awareness and Regulations
Opportunities
- Growth Opportunities in Farm Fertilizer and Mining Sectors
- Increased Investments by Industry Bodies for the Research and Development of Advanced Technology
Restraints
- The High Cost Required To Reduce the Sulphur Content
- Slowing Demand for Sulphur in Developed Countries
Challenges
- A Huge Gap in Demand and Supply
Key Target Audience
Providers of Sulphur Recovery Technology, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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